Kudos to MMs

Up to the second "NFV" ~1153.51.

As much as I wish it weren't true (I am still quite short here) SPX is getting close to converging to "FV". In addition, 1150 is likely also to be a "value" area for long funds. But boy, would I love to see 1150 get blasted. The earlier the better.
 
Quote from nitro:

Up to the second "NFV" ~1153.51.

As much as I wish it weren't true (I am still quite short here) SPX is getting close to converging to "FV". In addition, 1150 is likely also to be a "value" area for long funds. But boy, would I love to see 1150 get blasted. The earlier the better.
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you said your main $$ are in ES/NQ (NFV) strat. so, you should have taken your shorts off at ~1153. what do you mean you are quite short here? is this a longer term play (with less $$)?

Sherlock Shortie Out :cool:
 
Quote from shortie:

you said your main $$ are in ES/NQ (NFV) strat. so, you should have taken your shorts off at ~1153. what do you mean you are quite short here? is this a longer term play (with less $$)?

Sherlock Shortie Out :cool:
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I never said my main $ is ES/NQ. I have lots of equities & options positions on, ES and NQ positions on, and some light FX positions on

The net result of all that is that I am currently delta short.
 
Quote from nitro:

I never said my main $ is ES/NQ. I have lots of equities & options positions on, ES and NQ positions on, and some light FX positions on

The net result of all that is that I am currently delta short.
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Quote from nitro:

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FWIW, real money goes into NQ/ES on short term "NFV" plays, so if it doesn't work, I eat dog food.
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i misinterpreted this statement.
 
NQ relatively strong even with perceived issues with GOOG. It could easily go green.

Extremely dangerous selling this market here, doubly so with the amount of auctions coming to market today, let alone this week.

You have to have patience and sell only on huge odds.
 
Quote from nitro:

NQ relatively strong even with perceived issues with GOOG. It could easily go green.

Extremely dangerous selling this market here, doubly so with the amount of auctions coming to market today, let alone this week.

You have to have patience and sell only on huge odds.
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He's bearish/short for the last 200 handles and now says "Its dangerous to sell?" I can't begin to understand the psychology running thru your mind.....
 
24 handles NQ off the overnight low. It is as if this market is one of those maglev trains on superconducting rails. Almost no resistance to buying.
 
Up to the second "NFV" ~1149.68

SPX is well above that, giving edge to sell. But imo very dangerous to sell here. One can only hope that this indiscriminate buying continues until the edge gets juicier, until the market structure shifts and selling becomes odds on. Then it is collect time. It may be only two weeks away.

Until then, discipline of a monk.
 
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